New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (130% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (NT$2.88b market cap, or US$91.4m). Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$1.10 (vs NT$0.26 in 1Q 2025) First quarter 2026 results: EPS: NT$1.10 (up from NT$0.26 in 1Q 2025). Revenue: NT$1.34b (up 44% from 1Q 2025). Net income: NT$51.2m (up 329% from 1Q 2025). Profit margin: 3.8% (up from 1.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. New Risk • Apr 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (230% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (NT$2.95b market cap, or US$93.2m). Upcoming Dividend • Apr 02
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 08 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (5.4%). New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (398% payout ratio). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (NT$2.99b market cap, or US$93.6m). Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: NT$1.09 (vs NT$4.80 in FY 2024) Full year 2025 results: EPS: NT$1.09 (down from NT$4.80 in FY 2024). Revenue: NT$4.30b (up 7.1% from FY 2024). Net income: NT$50.2m (down 77% from FY 2024). Profit margin: 1.2% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Annonce • Mar 11
La Kaffa International Co., Ltd., Annual General Meeting, Jun 09, 2026 La Kaffa International Co., Ltd., Annual General Meeting, Jun 09, 2026. Location: 1 floor no,88, chuang ching 1st rd., jhubei city, hsinchu county Taiwan New Risk • Nov 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.06b (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 5x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (NT$3.06b market cap, or US$98.0m). Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.59 (vs NT$1.45 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.59 (down from NT$1.45 in 3Q 2024). Revenue: NT$1.17b (up 10% from 3Q 2024). Net income: NT$27.4m (down 59% from 3Q 2024). Profit margin: 2.3% (down from 6.2% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 27
Now 21% overvalued Over the last 90 days, the stock has fallen 1.4% to NT$74.80. The fair value is estimated to be NT$61.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Buy Or Sell Opportunity • Oct 07
Now 20% overvalued Over the last 90 days, the stock has fallen 6.5% to NT$73.40. The fair value is estimated to be NT$61.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Buy Or Sell Opportunity • Sep 22
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to NT$72.90. The fair value is estimated to be NT$60.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Upcoming Dividend • Aug 29
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 07 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (4.8%). Reported Earnings • Aug 16
Second quarter 2025 earnings released: NT$0.58 loss per share (vs NT$1.50 profit in 2Q 2024) Second quarter 2025 results: NT$0.58 loss per share (down from NT$1.50 profit in 2Q 2024). Revenue: NT$1.03b (flat on 2Q 2024). Net loss: NT$26.6m (down 139% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • May 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (120% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Buy Or Sell Opportunity • May 08
Now 20% overvalued Over the last 90 days, the stock has fallen 6.8% to NT$91.00. The fair value is estimated to be NT$75.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.9%. Buy Or Sell Opportunity • Apr 11
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to NT$87.50. The fair value is estimated to be NT$72.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.9%. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$74.50, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 18x in the Hospitality industry in Taiwan. Total loss to shareholders of 15% over the past three years. Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: NT$4.79 (vs NT$6.42 in FY 2023) Full year 2024 results: EPS: NT$4.79 (down from NT$6.42 in FY 2023). Revenue: NT$4.01b (down 2.0% from FY 2023). Net income: NT$218.6m (down 25% from FY 2023). Profit margin: 5.4% (down from 7.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Mar 06
La Kaffa International Co., Ltd., Annual General Meeting, Jun 03, 2025 La Kaffa International Co., Ltd., Annual General Meeting, Jun 03, 2025. Location: 1 floor no,88, chuang ching 1st rd., jhubei city, hsinchu county Taiwan New Risk • Dec 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (100% payout ratio). Large one-off items impacting financial results. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.45 (vs NT$2.03 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.45 (down from NT$2.03 in 3Q 2023). Revenue: NT$1.06b (up 1.6% from 3Q 2023). Net income: NT$66.0m (down 29% from 3Q 2023). Profit margin: 6.2% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 28
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 04 October 2024. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (4.3%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$1.50 (vs NT$1.83 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.50 (down from NT$1.83 in 2Q 2023). Revenue: NT$1.02b (flat on 2Q 2023). Net income: NT$68.2m (down 18% from 2Q 2023). Profit margin: 6.7% (down from 8.2% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 24
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to NT$117. The fair value is estimated to be NT$97.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$1.23 (vs NT$1.53 in 1Q 2023) First quarter 2024 results: EPS: NT$1.23 (down from NT$1.53 in 1Q 2023). Revenue: NT$970.5m (down 2.8% from 1Q 2023). Net income: NT$56.0m (down 19% from 1Q 2023). Profit margin: 5.8% (down from 6.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: NT$6.42 (vs NT$6.56 in FY 2022) Full year 2023 results: EPS: NT$6.42 (down from NT$6.56 in FY 2022). Revenue: NT$4.10b (down 2.7% from FY 2022). Net income: NT$292.3m (down 1.5% from FY 2022). Profit margin: 7.1% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 26
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 02 April 2024. Payment date: 10 May 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (4.7%). Higher than average of industry peers (3.6%). Annonce • Mar 16
La Kaffa International Co., Ltd., Annual General Meeting, Jun 05, 2024 La Kaffa International Co., Ltd., Annual General Meeting, Jun 05, 2024. Upcoming Dividend • Aug 17
Upcoming dividend of NT$3.00 per share at 4.9% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (2.2%). Buying Opportunity • Jul 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be NT$183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.4%. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: NT$1.53 (vs NT$0.85 in 1Q 2022) First quarter 2023 results: EPS: NT$1.53 (up from NT$0.85 in 1Q 2022). Revenue: NT$998.2m (up 1.2% from 1Q 2022). Net income: NT$69.2m (up 79% from 1Q 2022). Profit margin: 6.9% (up from 3.9% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$6.56 (vs NT$3.08 in FY 2021) Full year 2022 results: EPS: NT$6.56 (up from NT$3.08 in FY 2021). Revenue: NT$4.21b (flat on FY 2021). Net income: NT$296.9m (up 119% from FY 2021). Profit margin: 7.1% (up from 3.2% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of NT$4.28 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.0%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$188, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 37x in the Hospitality industry in Taiwan. Total returns to shareholders of 42% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$2.30 (vs NT$0.43 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.30 (up from NT$0.43 in 3Q 2021). Revenue: NT$1.14b (up 16% from 3Q 2021). Net income: NT$103.5m (up 449% from 3Q 2021). Profit margin: 9.1% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$2.30 (vs NT$0.43 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.30 (up from NT$0.43 in 3Q 2021). Revenue: NT$1.14b (up 16% from 3Q 2021). Net income: NT$103.5m (up 449% from 3Q 2021). Profit margin: 9.1% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$112, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 29x in the Hospitality industry in Taiwan. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 20% share price gain to NT$119, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 29x in the Hospitality industry in Taiwan. Total loss to shareholders of 12% over the past three years. Upcoming Dividend • Aug 24
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (3.4%). Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.33 (vs NT$0.40 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.33 (up from NT$0.40 in 2Q 2021). Revenue: NT$1.03b (up 7.7% from 2Q 2021). Net income: NT$60.0m (up 244% from 2Q 2021). Profit margin: 5.8% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.85 (vs NT$0.59 in 1Q 2021) First quarter 2022 results: EPS: NT$0.85 (up from NT$0.59 in 1Q 2021). Revenue: NT$986.2m (down 9.6% from 1Q 2021). Net income: NT$38.7m (up 52% from 1Q 2021). Profit margin: 3.9% (up from 2.3% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: NT$3.08 (vs NT$3.08 in FY 2020) Full year 2021 results: EPS: NT$3.08 (up from NT$3.08 in FY 2020). Revenue: NT$4.18b (flat on FY 2020). Net income: NT$135.6m (up 8.0% from FY 2020). Profit margin: 3.2% (up from 3.0% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 31
Upcoming dividend of NT$2.34 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 05 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.9%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.43 (vs NT$1.37 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$981.3m (down 24% from 3Q 2020). Net income: NT$18.9m (down 66% from 3Q 2020). Profit margin: 1.9% (down from 4.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.35 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$957.1m (up 13% from 2Q 2020). Net income: NT$17.5m (up 22% from 2Q 2020). Profit margin: 1.8% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 05
Upcoming dividend of NT$2.98 per share Eligible shareholders must have bought the stock before 12 July 2021. Payment date: 12 August 2021. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.1%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.20 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.09b (up 28% from 1Q 2020). Net income: NT$25.4m (up 210% from 1Q 2020). Profit margin: 2.3% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$3.08 (vs NT$9.70 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.17b (down 16% from FY 2019). Net income: NT$125.6m (down 67% from FY 2019). Profit margin: 3.0% (down from 7.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 16% share price gain to NT$137, the stock is trading at a trailing P/E ratio of 35x, up from the previous P/E ratio of 30.3x. This compares to an average P/E of 33x in the Hospitality industry in Taiwan. Total returns to shareholders over the past three years are 83%. Is New 90 Day High Low • Feb 23
New 90-day high: NT$137 The company is up 4.0% from its price of NT$132 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: NT$134 The company is up 10.0% from its price of NT$122 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue beats expectations Revenue exceeded analyst estimates by 16%. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.37 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.29b (down 6.0% from 3Q 2019). Net income: NT$55.8m (down 56% from 3Q 2019). Profit margin: 4.3% (down from 9.3% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Is New 90 Day High Low • Oct 20
New 90-day low: NT$116 The company is down 15% from its price of NT$136 on 22 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: NT$117 The company is down 27% from its price of NT$160 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 8.0% over the same period. 
